News

Cormac Leech to speak on Alternative Finance at AltFi Summit Tuesday

07 March 2014 | Events

Liberum Banking Analyst Cormac Leech will detail the changing face of Alternative Finance and its growth trajectory at the AltFi Summit 2014 on Tuesday in London, the first European focused event to examine P2P Lending, Crowdfunding and invoice funding.

AltFi Summit 2014 is co-sponsored by Liberum and is set to attract up to 250 professional investors, including wealth managers, hedge funds, family offices, venture capitalists, alongside consultants and key industry players.

Among the speakers are Vince Cable, Secretary for Business, Innovation and Skills, Simon Champ, CEO of P2PCS, Rhydian Lewis, CEO and Founder of RateSetter, Ed Wray, Co-Founder of Betfair, Giles Andrews, CEO and Co-Founder of Zopa, Anthony Thomson, Founder and Former Chairman of Metro Bank and Samir Desai, Co-Founder and Director at Funding Circle.

Costain announces proposed £75m capital raise

27 February 2014 | Corporate Brokerships

Costain Group plc (Ticker: COST LN) today announced a proposed £75.1m capital raising by way of a Firm Placing, Placing and Open Offer.

Liberum acted as Joint Global Co-ordinator, Joint Bookrunner and Joint Broker to the Company in respect of the transaction, following its appointment as Corporate Broker to the Company in November 2013.

Costain is one of the leading tier one engineering solutions providers to the UK infrastructure, energy and water markets.

The capital raise will provide Costain with the opportunity to accelerate its growth in the medium and long-term in rapidly evolving markets in which it is expected that over £400 billion will be spent in the next ten years.

Costain Group PLC is listed on the LSE Main Market with a current market capitalisation of c£220m.

In the article, Peter describes the contract as "one of the worst ever signed by a British government". Why? A cost of £8 billion per reactor, a nine-year construction time and an index-linked power price that suggests EdF could receive as much as £150 per megawatt/hour by 2030 (seven years after the reactors are due to be completed) compared with today's wholesale price of £50/MWh.

Shares in Manx Telecom Plc were admitted to trading on AIM today (10/02/2014), followed a placing of 110.1m shares at a price of 142p, raising £156.3m. Liberum is Nominated Adviser and Corporate Broker to the Isle of Man-based telecoms company.

Manx Telecom had a market capitalisation of approximately £160m at the placing price.

Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector as well as a growing portfolio of innovative solutions to offshore customers.

Liberum Capital Limited is authorised and regulated by the Financial Conduct Authority / Registered in England & Wales No. 5912554 / Liberum Capital Inc. is a FINRA Member Firm and is regulated by the Securities and Exchange Commission (SEC)